WSJ 'Wealth Report' editor Robert Frank has the story of Ferrari chairman Luca di Montezemolo, who doesn't have an issue with the wealthy paying more in taxes. Photo: AFP PHOTO / Yoshikazu TSUNO

This transcript has been automatically generated and may not be 100% accurate.

Gruner ... it's all bought for about ... the way that the French Sica Wealth the feel of that well they should be taxed on it seems like some unlike the funds are being imaging inside plays ... what that what sounds Iusacell but Wambach but that they have a different that that that was the was the one that says standing on the grandstanding and is the of the second month of the mold of who is the chairman for our rally ... has not ... been for ... some areas in air says indeedy has had a pretty good answer to that stage about a ... logo ... this will come as a big surprise in a Ferrari are the ultimate test of symbol of conspicuous consumption ... and guilt free credit welded up for him to come out and say look the wealthy need to sacrifice before the middle classes ... was really startling but ... unite the bottom of the story Europe has a saying from the Usana switches that we have a lot of government debt ... and you already inequality is is a big issue and the two countries is very natural for politicians even business leaders ... to ... get a lot of popular support by saying the wealthy need to pay more if there is a sense though I might be wrong that that there's a ... greater willingness of these to come out publicly and make the soap suspected senior because we did see Warren Buffett to make his second to last weekend but that the costs of attention ... but some in Europe we had to Number French Super Rich the Bettencourt's numbers come out ... um is this some circles of defense the way that the Super Rich ... in the these places I imagine their place in society in its ranks with government to receive Koeltl difference that I think you know that the bop that piece was really ... broke the ice for a lot of people who have been frustrated with the Government's ... I mean that the chairman of Ferrari has been a very ... avid critic ... of the Stony for years that this is another way for him to certain criticized the government which is another way for Papa to ... represent his support for Obama so I think they're really more political statements than they are economical ... I was so that it halfway I think that ... the had back pay back taxes not played since two thousand and two and ... his letters to a bank that there has been some massive tax saving it for as well such ... is the message that the reality and yet the misses the Apple was then one last thing the intimate party at just five years ago was calling for lower taxes ... on top of the selling ... was a little bit of auto know it's it's to do it with that he did this inequality I mean ... I did this this is one of the big themes play out this time I mean ... a boy to stand at the top tier of view as seen from this happened paying a small portion ... of the of the taxing tight and they had since the full rate subsidy rather where would we stand on well they they are paying a lower effective tax rate there and were under eighteen it's around you know the top one percent and twenty five percent ... that would be the top ones that still pays thirty eight percent of our nation's income taxes ... one percent Ping thirty eight percent ... so hence the huge debate some people say their pain that I already more than their fair share ... others say they're not out this was going on for